OTC Bitcoin holdings steady as market eyes new highs

Over-the-counter (OTC) desks currently hold around 416,000 BTC (about $30 billion), a level that has stabilized over the past month, according to CoinDesk citing CryptoQuant data. As Bitcoin nears its record high of $73,798, institutional investors are using OTC channels to avoid impacting spot market prices. Data from CryptoQuant shows that OTC desk inflows are at their lowest this year, suggesting that a continued reduction in daily OTC inflows could support Bitcoin in reaching new highs.